120430-1141 EDT
K8MHZ:
From the output of a current transformer, a resistive shunt, a Hall type current sensor, etc. you get an output that is an instantaneous measure of current. Some of these sensors devices will work with DC as well as AC, and others AC only.
If you also have a sensor that has an output of the instantaneous voltage, then you can multiply the instantaneous current and voltage and get instantaneous power. Average the instantaneous power to obtain average power. Integrate average power over time to get the energy over the integration time.
This is what a KWH meter does. It may or may not use current transformers.
I believe you have a Kill-A-Watt. It uses a resistive shunt in the neutral leg and multiplies the shunt voltage with the hot to neutral voltage to obtain power. The Kill-A-Watt works better on low power factor loads, an unloaded single phase motor, than does the TED 1000 that uses current transformers.
If you obtain only the RMS current from a current transformer, as in the use of a clamp on current meter, then you do not have a direct way to measure power.
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